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Analysis On Food Trade - Research Paper Example

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Analysis Research paper on Food Trade Introduction Agriculture is ranked among the earliest occupation that provides essential food and financial needs. It is one of the substantial sectors of economy that produce trade surplus thus significantly offsetting trade imbalance…
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Analysis Research Paper On Food Trade
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Analysis On Food Trade

Download file to see previous pages... Global food trade is increasing because of advancements in infrastructure, transportation, consumer demands and marketing networks. Consequentially, trade is expanding with the increases in global population as well as per capital. This has led to globalization of food production, agriculture corporatization and agriculture industrialization. Thesis statement The objective of this thesis is to analyze US food exports and imports. The issue of food export and import in US food system has been addressed with emphasis on agricultural trade as well as food production. In the United States, food import has increased as opposed to export, which is partly associated with the elevated global food trade. Americans’ high demand for imported foods has led to US reliance on other countries such as China as the principal supplier of food stuffs. If the current trend in food trade in the United States subsists, economists argue that the US economy is likely to be weakened because of high debts accruing from numerous spending on food import. This paper also analyzes and identifies the global impacts of agriculture industrialization, corporatization as well as globalization of food production. The approach in food production results to benefits as well as adverse outcomes both to the consumer and producer. Although agriculture industrialization, corporatization and globalization of food production generate productivity and economic benefits, they are associated with several detrimental effects on social, ecological as well as economic realms. Furthermore, historical and modern perspectives of economics are analyzed in this paper as they relate to resource utilization and sustainability. Although economists’ perceptions on sustainable agriculture vary, they are usually founded on the principle of profitability and humans’ capacity to find alternative resources as well as solutions to their problems. Several individuals have analyzed economics perspectives of sustainability with minimal interest on variations between historical and modern economics perspectives. Methodology In this research, an analytical approach was adopted based on information or data provided in various secondary sources. The data concerning food trade was analyzed to assess the composition as well as trend of both imports and exports. The reports in food trade database were accessed and evaluated to identify the consumption behaviors of Americans. Information on various websites such as those owned by food trade regulation bodies provided substantial data for the analysis research on food trade. Research findings contained in various sciences journal articles and books provided a substantial account for global effects of agriculture industrialization, corporatization as well as globalization of food production. They also provided information on historical and modern economist’s perspectives on sustainability, which are analyzed herein. Discussion Global impacts of agriculture industrialization, corporatization and globalization of food production Globalization of food production Globalization of food production has been in existence for centuries. It is characterized by the exchange of resources and food stuffs between countries in different regions. The development was brought about by standardization of techniques used in food production, technology advancement, improvements in transport systems, and reduction of trade ...Download file to see next pagesRead More
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